Him Star Energy Company Limited has informed investors that the lock-in period for shares reserved for mutual funds is set to expire on Magh 1. According to the company’s notice, these shares will automatically become tradable from that date.
As per existing legal provisions and Securities Board of Nepal (SEBON) guidelines, shares allocated to mutual funds must be kept under a lock-in period for six months from the date of allotment to the general public. With the completion of this six-month period, the reserved shares are now eligible for secondary market trading.
The company stated that a total of 46,625 shares reserved for mutual funds are affected. Each share has a face value of Rs. 100.
After the lock-in period ends, the respective mutual funds will be able to buy and sell these shares on the stock market starting Magh 1. The share registrar for Him Star Energy Company is NIC Asia Capital Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
